Maximize Your Returns, Minimize Your Stress.
Offshore Tax Preparation Services
Tax season is the crunch time where CPA firm’s highest revenue is at stake. Efficient resources are key to their success. We provide well trained and experienced tax professionals to help CPA firms prepare and review tax returns for individuals (1040) as well as businesses (1120/1120S/1065). We are very detail-oriented & methodical with our approach. We have specialized staff processing tax returns and prepare well-defined work papers enabling efficient review process. Following table summarizes tax services we provide to CPA firms.
Individual Tax Returns (1040)
- Gather client information
- Review client organizer
- Compare with prior year tax returns
- Initial review and send missing items list to the client
- Tax returns preparation
- E-file diagnostic clearance
- Client follow-up / communication
- Workflow management using SurePrep, Canopy and/or other practice management tool
- Tax returns review
- Tax Planning Support/Analysis
- Continuing Professional Education
Business Tax Returns (1120/1120S/1065)
- Review financial statements
- Review prior year returns, ownership structure etc.
- Prepare tax workpapers – identify M-1/M-3 items
- Identify special filing requirements such as applicability of GILTI/5471/5472/FBAR etc.
- Prepare tax workpapers to calculate book vs. tax adjustments
- Prepare tax returns
- E-file diagnostic clearance
- Client follow-up / communication
- Workflow management using SurePrep, Canopy and/or other practice management tool
- Tax returns review
- Tax Planning Support/Analysis
Efficient, reliable, offshore accounting solutions
Offshore Accounting Services
- Vendor master data management
- Purchase order (PO) management
- Invoice processing & three-way check
- Vendor helpdesk
- Vendor payment & reconciliation
- AP aging reporting & analysis
- Expense management
- Customized processes based on the business requirements.
- Customer master data management
- Billing, credit & adjustments
- Credit control & debt collections
- Customer helpdesk
- Customer deposits applications and reconciliations
- AR aging analysis & DSO optimization requirements.
- Inventory tracking including sku management.
- Inventory valuation
- Inventory optimization
- Order fulfilment
- Forecasting & planning
- Inventory analysis & reporting management
- Payroll processing
- Payroll tax management and monthly/quarterly/annual payroll tax returns filings
- Employee benefits management
- Time and attendance management
- Payroll reporting and compliance
- New hire onboarding and paperwork management business requirements.Payroll cost analysis
- Payroll system implementation and integration
- Payroll audit and review
- Month-End periodic closing
- General ledger maintenance
- Banking reconciliation
- Treasure management support
- Estimated tax calculations & tracking tax accruals
- US GAAP compliance and implementation such as ASC 606 & ASC 842
- Fund accounting
- Fixed assets & depreciation accounting
- Job-cost accounting
- Project profitability reporting
- Financial Statements preparation
- Audit support services
- Budgeting & Forecasting
- Financial modelling
- Performance management & analysis
- Variance analysis
- Cost analysis
- Investment analysis
- Strategic planning assistance
- Cash flow management
- Financial reporting
- Business valuation
- Advanced Excel automation
- Robotic Process Automaton (“RPA”)
- Automation Anywhere
- System implementation, data migration support
- Recruitment
- Employee benefit administration
- Performance management
- Training & development tracking
- Compliance management
We do the heavy lifting as part of our audit support services enabling onshore audit teams to engage with the clients and create a better audit workflow overall. With qualified and experienced chartered accountants in our team, we can work with our clients efficiently to prepare accurate audit workpapers and carry out the following:
- Communicating with the audit clients for resolution of audit open item
- Migrating and/or rolling forward of electronic audit file to next year in the audit software
- Migration from traditional excel audit file to a software file
- Performing casting procedures on accounts for internal consistency, mathematical accuracy and agreeing on lead schedules with final accounts
- Reviewing financial statements of companies/charities/trusts
- Check accounts for their compliance with the relevant accounting standards.
- Prepare open items lists to report errors to the onshore audit team to adjust the financial statements.
Get in Touch
Join the Millions Who Save
Cost by Offshoring!
Why Choose us
